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DK Goel Solutions Class 11 Accountancy Chapter 16

Commerce

DK Goel Solutions Class 11 Accountancy Chapter 16

Last updated date: 19th Apr 2024

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Class 11 DK Goel Solutions Chapter 16 - Depreciation

D K Goel Solutions Class-11 Accountancy Chapter 16 helps the student to understand a vital methodology of accounting which is nothing but depreciation. As accounting is a subject like an ocean that uses the financial terms as its language, depreciation acts as the essence of salt in that ocean. In Chapter 16, the concept of depreciation, it's causes and formula along with solved questions were clearly explained to the students. DK Goel accountancy class 11 solutions are curated by the experts to understand the concept well. Students can download Class 11 Accountancy chapter 16 pdf for free here.

In Chapter 16 of the DK Goel accountancy book the student understands the fundamentals and essentials of accounting, that is the depreciation. Depreciation is that chapter of accountancy without which the whole concept of accountancy will fall. In this chapter, we learn about the various definitions of depreciation and the tools and equipment through which it can be evaluated.

In simple words, we can say that depreciation is the decrease in the value of an asset. Through this depreciation concept, we can calculate the revenue or money that can be generated from a used asset. There are various examples and tables in the book which have explained the concept of depreciation more simply and easily. To calculate the depreciation formula is used, the way it has been explained in the book has made the student remember the formula easily.

DK Goel Solution book can be really helpful for preparation. The solutions are available for free in PDF format on the Vedantu website, students can easily download these materials and prepare themselves to crack the accountancy examination.

DK Goel Solutions Class 11 Accountancy Chapter 16 PDF Download

What is Depreciation?

Yes. Students can answer this question after reading the depreciation chapter of Class 11 Accountancy. The subject experts explain and provide several definitions of depreciation stated by various scholars. So that the students can understand easily that the depreciation is an accounting methodology that can be evaluated after using the equipment or something for some time. Here, students also can learn the causes of depreciation and how it is helpful while preparing the subsidiary books. The depreciation concept is used to calculate the revenue generated from the used assets.

The term depreciation is an accounting method, through this method we tend to deduct the total cost of the asset or thing that we have brought for the business. By calculating depreciation value we tend to have more control on our expenses and finances.

Formula of Depreciation

The Class 11 Accounts Chapter 16, Depreciation of DK Goel Solutions has explained clearly the formula used to calculate the depreciation. So students can easily remember the formula after understanding the meaning and the definition of depreciation with the help of DK Goel Class 11 Accountancy Chapter 16 PDF free download.

The Depreciation Formula is:

Annual Depreciation Expense = (Asset cost – Residual Value) / Useful life of the asset.

So students are required to solve several problems or case studies using this depreciation formula. Different methods of calculating depreciation were also taught to the students.

Solved Example

Find The Ledger Postings for Given Transactions?

Dr. Machinery a/c. Cr
Date	Particulars	Amount	Date	Particulars	Amount
April 1, 2015	To Bank account	2,00,000	March 31	By depreciation account	25,000
			March 31	By bank balance	1,75,000
		2,00,000			2,00,000
April 1, 2016	To balance	1,75,000	March 31	By depreciation account	25,000
			March 31	By balance	1,50,000

from these transactions, students need to prepare a depreciation chart and then we need to calculate the value of depreciation as well as the percentage of depreciation.

Calculation

Depreciation = [1,90000+10000]- 50000/2.

Similarly, the percentage can be calculated employing the formula,

Rate of Depreciation = (amount of depreciation/cost of the asset)*100.

Tips to Get a Better Score

DK Goel Solutions for Accountancy of Class 11th Chapter 16 PDF will give proper guidance to the students to increase their score percentage.
As the PDF is easy and free to download, the students can recollect the concepts at any time of their convenience.
Several practice papers make the students become perfect in each and every concept of all the chapters.

Conclusion

Thus, the students can get a clear idea about the concept of depreciation, causes, and methods with multiple examples and scenarios designed by the well-experienced process in DK Goel Solutions of Accountancy Class 11 Chapter 16 PDF. So, students can understand the concept and can achieve an excellent score with ease.

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FAQs on DK Goel Solutions Class 11 Accountancy Chapter 16

1. How does DK Goel help to score better marks in examinations?

The DK Goel solution is one of the best books to study for accountancy. It is written by one of the biggest authors in the field of accountancy. DK Goel is the most well-known figure in the field of accounting. He is considered one of the greatest authors of all time and is the man behind the success of thousands of students. His knowledge and ability in accounting act as an expert guide for the students. Through the books the students receive proper guidance and it also helps in increasing their overall scores in the examination. As the material is available for free in PDF format it becomes very helpful for the students.

2. What makes DK Goel Solutions the best book for any commerce student?

Accountancy is a very important subject and is an essential branch of commerce. Without the basic knowledge of accountancy, the knowledge of a commerce student will be incomplete. A significant amount of knowledge related to accountancy is required to understand the subject and its different theories. The clearer the fundamentals are, the easier it becomes to understand the subject. Once the foundation is strong it becomes easy for the student to grasp the other theories and concepts related to accountancy. Since the language of DK Goel is nice, simple and crisp it becomes one of the best books for any commerce student.

3. What topics are covered in the DK Goel Solution Books?

DK Goel solution book covers all the topics that are part of the NCERT syllabus. The content is well organised according to their chapters making it easier for the students to find the solutions to the questions. The content is curated by the accountancy genius GK Goel and other experts who have expertise in this field. It is presented in such a way that it becomes very easy for the students to understand. These solution books are a great way to step up the preparation.

4. Why is subject accountancy so important for commerce students?

Accounting is one of the most important subjects in the 11th-grade curriculum. The subject allows students to learn about accounting that is important for business students to develop a career. We can also say that accounting is like a captain on a merchant ship. To be successful, people need to have a clear idea about accountancy and its objective in our lives. Accounting helps revenue monitoring, expenditure, investment and other important economic factors in a business. It also helps in preparing financial reports for investors, management and the government. These financial statements are important to improve the business. To successfully run a business or to work under a huge firm it's important to have proper knowledge of accounting.

5. Is DK Goel Accountancy Solutions sufficient for understanding depreciation?

Good grades in the exam are entirely dependent on the students' enthusiasm, readiness and understanding. No matter how informative a book is, if students are not serious in their reading, no book is enough for them. DK Goel Solutions books are one of the best books that build student foundations in accounting. The wise solution of the comprehensive section will help the student in solving various questions. The description in the DK Goel Solution book is accurate and straightforward that the student can easily grasp. With dedicated efforts and DK Goel Solutions, the student can achieve well in their experience.